Stage Stores Inc. (SSI) Issues Q4 Earnings Guidance
Stage Stores Inc. (NYSE:SSI) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.65-0.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.04. The company issued revenue guidance of ~$472.5-492.6 million (-6% to -2%), compared to the consensus revenue estimate of $478.74 million.
Stage Stores Inc. (NYSE:SSI) opened at 4.407 on Thursday. Stage Stores Inc. has a one year low of $4.35 and a one year high of $9.98. The stock has a 50 day moving average price of $5.24 and a 200-day moving average price of $5.52. The stock’s market capitalization is $119.67 million.
Stage Stores (NYSE:SSI) last announced its quarterly earnings results on Thursday, November 17th. The company reported ($0.57) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.36) by $0.21. The company earned $317.10 million during the quarter, compared to analyst estimates of $327.74 million. Stage Stores had a negative net margin of 0.30% and a positive return on equity of 0.75%. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter last year, the business earned ($0.29) EPS. Analysts anticipate that Stage Stores Inc. will post $0.17 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 14th. Investors of record on Tuesday, November 29th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 10.34%. Stage Stores’s payout ratio is -333.31%.
Several equities analysts recently weighed in on SSI shares. Zacks Investment Research upgraded shares of Stage Stores from a sell rating to a hold rating in a report on Thursday, October 20th. Telsey Advisory Group lifted their target price on shares of Stage Stores from $5.25 to $6.50 and gave the company a market perform rating in a report on Friday, August 19th. Finally, B. Riley restated a neutral rating and set a $4.80 target price on shares of Stage Stores in a report on Wednesday, August 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $7.08.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SSI. California State Teachers Retirement System increased its position in Stage Stores by 0.9% in the third quarter. California State Teachers Retirement System now owns 54,265 shares of the company’s stock valued at $304,000 after buying an additional 500 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Stage Stores by 6.6% in the second quarter. Alliancebernstein L.P. now owns 32,510 shares of the company’s stock worth $159,000 after buying an additional 2,000 shares in the last quarter. BlackRock Group LTD increased its position in shares of Stage Stores by 5.9% in the second quarter. BlackRock Group LTD now owns 37,376 shares of the company’s stock worth $183,000 after buying an additional 2,069 shares in the last quarter. State Street Corp increased its position in shares of Stage Stores by 0.5% in the second quarter. State Street Corp now owns 738,733 shares of the company’s stock worth $3,607,000 after buying an additional 3,862 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Stage Stores by 3,908.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,079 shares of the company’s stock worth $101,000 after buying an additional 17,628 shares in the last quarter. Institutional investors own 92.97% of the company’s stock.
Stage Stores Company Profile
Stage Stores, Inc operates specialty department stores mainly in small and mid-sized towns and communities. The Company’s department stores offer a range of brand name and private label apparel, accessories, cosmetics, footwear and home goods. The Company operates approximately 830 specialty department stores in over 40 states under the BEALLS, GOODY’S, PALAIS ROYAL, PEEBLES and STAGE nameplates and a direct-to-consumer business.
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